Chip stocks plummeted Friday after Intel warned that sluggish personal computer sales would crimp its fourth-quarter results. The post Chip Stocks Plunge After Intel's Q4 Warning appeared first on Investor's Business Daily .
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"The industry continues to navigate one of the most significant supply shortages in history," Intel CEO Lip-Bu Tan said on an earnings call.
Intel beat third-quarter earnings expectations, but warned of a prolonged PC slump, sending shares to their worst daily decline in 50 years.
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